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of <h1>Exim Bank Sets $120M Line of Credit for Vietnam to Procure High-Speed Guard Boats, Effective January 2025</h1> Export-Import Bank of India has established a Government of India-supported Line of Credit (LoC) of USD 120 million with the Government of the Socialist Republic of Vietnam for the procurement of High-Speed Guard Boats. The agreement, effective from January 20, 2025, allows for the export of eligible goods and services from India under the Foreign Trade Policy. The disbursement period extends 60 months post-project completion. Exporters must declare shipments as per Reserve Bank instructions, and no agency commission is payable under this LoC. Authorized banks should inform exporters to seek details from Exim Bank's office or website.
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